- 05/22/2019 at 11:50 am #956128EduGorillaKeymasterSelect Question Language :
By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity and economic growth. Crony capitalism, where rich and the influential are alleged to have received land and natural resources and various licences in return for payoffs to venal politicians, is now a major issue to be tackled. One of the greatest dangers to growth of developing economies like India is the middle-income trap where crony capitalism creates oligarchies that slow down the growth.
Which among the following is the most logical corollary to the above passage ?
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Launching more welfare schemes and allocating more finances for the current schemes are urgently needed
Efforts should be made to push up economic growth by other means and provide licences to the poor
Greater transparency in the functioning of the government and promoting the financial inclusion are needed at present
We should concentrate more on developing manufacturing sector than service sector
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